Education industry
China’s education index rose or fell by + 1.17% this week. Stocks with large gains and losses: one education technology (+ 15.79%), thinking Music Education (+ 12.37%), Chengdu Jafaantai Education Technology Co.Ltd(300559) (+ 11.83%), Qtone Education Group(Guangdong) Co.Ltd(300359) (+ 11.21%), Vtron Group Co.Ltd(002308) (+ 10.76%), Newcapec Electronics Co.Ltd(300248) (- 13.18%), hope Education (- 12.62%) and Youdao (- 10.23%).
Viewpoint: 1) on the whole, the education industry still maintains a cautious attitude, and the regulatory policies for education are still introduced one after another (including the recent regulation for high school training). The opportunities mainly come from the individual stock level, mainly the dilemma reversal brought by the transformation. 2) It is recommended to pay attention to New Oriental online. K9 discipline business was stripped off on December 31, and the negative factors were cleared. We believe that the company’s resources are expected to tilt towards university adult business and achieve strong growth. In addition, the company is actively transforming to institutions and live broadcasting. The process of new business from 0 to 1 is worthy of attention. The bottom logic lies in the brand, human resources Material resources and other factors remain strong.
Wine travel catering
This week, the hotel catering and leisure (Changjiang) / Consumer Service HK (CITIC) index rose or fell by – 2.72% / – 9.54%. Stocks with large gains and losses: jiumaojiu (+ 6.58%), Jiangsu Tianmu Lake Tourism Co.Ltd(603136) (+ 3.93%), Guangzhou Restaurant Group Company Limited(603043) (+ 3.51%), meituan-w (- 17.47%), Caissa Tosun Development Co.Ltd(000796) (- 10.79%), Yunnan Tourism Co.Ltd(002059) (- 9.93%) and Utour Group Co.Ltd(002707) (- 9.61%).
Viewpoint: 1) this week, the wine and tourism sector has made a correction as a whole, and meituan has a large decline, which is mainly affected by the policy of “guiding Internet platform enterprises such as takeout to further reduce the service fee standard of catering merchants”. 2) Driven by the R & D promotion and policy support of covid-19 specific drugs, the recovery of liquor tourism is expected to drive the overall rise of the early sector; With the recent recurrence of the epidemic in Hong Kong, Suzhou and other places in China, the overall performance of the sector fluctuated.
Beauty care
The beauty care (Shenwan) index rose or fell by + 4.36% this week. Stocks with large gains and losses: Proya Cosmetics Co.Ltd(603605) (+ 12.07%), Yunnan Botanee Bio-Technology Group Co.Ltd(300957) (+ 10.22%), Syoung Group Co.Ltd(300740) (+ 9.83%), Imeik Technology Development Co.Ltd(300896) (+ 6.18%), Nanjing Cosmos Chemical Co.Ltd(300856) (- 7.63%).
Viewpoint: 1) from the perspective of the industry as a whole, with the improvement of consumers’ recognition of domestic products and the strength of domestic cosmetics products, the domestic cosmetics industry still has high growth. 2) At present, the cosmetics and medical beauty industry has entered the era of strict supervision, the industry differentiation will be further intensified, and the leading brands are expected to further consolidate their head advantages.
